Bitcoin approaches profit-taking zone as it nears $106,000

13.05.2025

Amid recent growth, Bitcoin reached an intraday high of around $105,800, but then declined to $101,400 — a drop of about 3%. A short-term chart shows that BTC has broken the lower boundary of an ascending channel, which may indicate the beginning of a local correction. According to the analytical platform Alpharctal, the area around $106,000 is becoming an "alpha zone" — a region where large investors (or "whales") may start locking in profits. According to platform CEO João Vedson, repeated attempts to break this level increase the likelihood of asset sell-offs, putting pressure on the price. One factor that could accelerate the decline is the risk of position liquidations. Currently, more than $3.4 billion in leveraged long positions are at risk if BTC falls to $100,000. This level may act as a kind of "magnet," pulling the price toward a psychologically significant mark. The anticipation of new U.S. inflation data is one of the key factors affecting traders’ actions. Following the March CPI reading of 2.4% compared to February’s 2.8%, market participants expect April’s figure to remain at the same level. If inflation again comes in below forecasts, this could boost expectations of a key rate cut in 2025 — a positive signal for cryptocurrencies and other risk assets. At the same time, higher inflation could increase pressure on digital gold, strengthening the dollar and causing capital to flow out of the crypto market. If the negative trend continues after the CPI release, the next support level for the leading cryptocurrency will be the zone between $100,500 and $99,700 — the fair value gap (FVG) on the four-hour chart. Should the decline deepen, the price could fall into the next FVG zone between $98,680 and $97,363, indicating a correction of about 8% from the recent high.